FISCAL NOTE

House Bill 211 as amended and reported by the Committee on Ways and Means Education provides exceptions for the employment and wage requirements under the Capital Credit Program, repealed in 2016, which could decrease receipts otherwise received by the Education Trust Fund, State General Fund, or municipal or county funds from forfeiture of capital credits for projects affected by the COVID-19 pandemic.

Additionally, this bill could decrease income tax receipts to the Education Trust Fund by an undetermined amount dependent on the number of individual income tax filers that (1) receive between $25,000, currently, and $50,000 per tax year in severance pay, unemployment compensation, or termination pay; or (2) receive in excess of $50,000 in unemployment compensation from federal coronavirus laws during tax years 2020 or 2021, which is exempted by this bill.